Search found 386 matches

by Prudence
Wed Nov 14, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4707

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

To me, the bucket approach is having a separate bucket for planned short term withdrawals (cash and cash equivalents and ST Treasuries for money needed for zero to three years); mid-term withdrawals (> 3 years to 6 to 10 years in a medium term bond fund); and long term (> 8 to 10 years in stock fund...
by Prudence
Sat Nov 10, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe Federal + State $29.95
Replies: 94
Views: 7815

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

What does Extended Download do and/or why do I need it?
by Prudence
Thu Nov 08, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Verizon FIOS and TV Combo
Replies: 5
Views: 396

Re: Verizon FIOS and TV Combo

I have a FIOS Quantum Gateway Router rented for $10.00 per month. It was installed when they installed the boxes and stuff.
by Prudence
Thu Nov 08, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Verizon FIOS and TV Combo
Replies: 5
Views: 396

Re: Verizon FIOS and TV Combo

Yes, Verizon installed a combination modem router. It is in the basement (approximately less than 20 feet from the DVR and TV, measured directly through the floor). We are wireless.
by Prudence
Thu Nov 08, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Verizon FIOS and TV Combo
Replies: 5
Views: 396

Verizon FIOS and TV Combo

I used to have a 2008 flatscreen TV with a blu ray hooked up to Comcast cable and had no trouble watching movies via download or disk from Redbox, Netflix etc. Then I got FIOS and a new 4K smart TV and tossed out my blu ray. (FIOS provides much better internet service and reliability than Comcast). ...
by Prudence
Wed Nov 07, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe Federal + State $29.95
Replies: 94
Views: 7815

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

Just curious, do they give you an easy way to auto load prior years' Turbo Tax return data?
by Prudence
Fri Nov 02, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2303

Re: Europe Trip

Wow, I love these perceptions and experiences, very useful for us!
by Prudence
Thu Nov 01, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2303

Re: Europe Trip

Regarding last two postings (and others) I can see how a two to three week trip could be optimal (for multiple trips to Europe and perhaps elsewhere abroad). So, I will follow that advice and plan to stay in that range. Thank you.
by Prudence
Thu Nov 01, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2303

Re: Europe Trip

I appreciate everyone's comments and suggestions. Thank you!
by Prudence
Thu Nov 01, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2303

Re: Europe Trip

I was in Paris last year and London the year before the last two weeks of May and the last week of May and the first week of June, respectively. On both trips the weather was beautiful - in the high 70s, low 80s and no rain. Crowds were low(ish). Airfare was <$500. And an unexpected bonus in Paris ...
by Prudence
Thu Nov 01, 2018 7:02 am
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2303

Europe Trip

I just reviewed a London-Paris thread which was very informative. I have a related question but I do not wish to hijack that thread. We will be retirees who would like to spend a few weeks in Europe in 2019 or 2020. What is the best time to visit (example, London, Paris, Rome) if we want mild weathe...
by Prudence
Thu Oct 18, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Step-up of basis on spouse’s death
Replies: 10
Views: 692

Re: Step-up of basis on spouse’s death

Zombies wrote:
Thu Oct 18, 2018 5:12 pm
Prudence wrote:
Thu Oct 18, 2018 4:58 pm
Just curious, did your mother's account have a beneficiary?
I don’t believe so but am not sure. What would the consequences of that be?
I don't know. Davistax says her account will get full step up. I assume your Dad would inherit the proceeds through her will.
by Prudence
Thu Oct 18, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Step-up of basis on spouse’s death
Replies: 10
Views: 692

Re: Step-up of basis on spouse’s death

Just curious, did your mother's account have a beneficiary?
by Prudence
Tue Oct 16, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Last Will and Testament Question
Replies: 9
Views: 1001

Re: Last Will and Testament Question

Accounts with beneficiaries (including TOD/POD) will not go into the estate, right? They pass immediately to the named beneficiary, right?
My wife is the primary beneficiary (100%) in my accounts where I am the sole owner. Except I have one account where our daughter is the primary beneficiary.
by Prudence
Tue Oct 16, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Last Will and Testament Question
Replies: 9
Views: 1001

Re: Last Will and Testament Question

Thank you for the explanation about disclaimer trust, I was wondering why.
Why is naming beneficiaries for my other accounts usually not a good idea?
I agree with you about probate in Maryland (based on my experience with my mother's estate).
by Prudence
Tue Oct 16, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Last Will and Testament Question
Replies: 9
Views: 1001

Re: Last Will and Testament Question

On January 1st, the Maryland estate tax exemption increases to $5 million which is more than our combined assets. The bulk of our assets are in savings accounts, mutual funds/ETFs, CDs and tIRAs; all of these have beneficiaries or TOD/PODs so not much will go into our estate(s), I believe. The reaso...
by Prudence
Tue Oct 16, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Last Will and Testament Question
Replies: 9
Views: 1001

Last Will and Testament Question

My wife and I have wills (also durable POA, durable POA for health care) that were prepared by an attorney in 2003. I am thinking about using a software program (DIY) program to replace these wills now. In our situation, I think we need simple wills. Our existing wills contain a few provisions which...
by Prudence
Fri Sep 14, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Backyard Deck Question
Replies: 2
Views: 389

Backyard Deck Question

A contractor is installing a deck at my house using Azek decking. I have to decide between grooved or un-grooved decking. As usual, each has its pros and cons. The contractor who is very experienced with this subject recommends the un-grooved because sometimes decks with grooved boards sing or whist...
by Prudence
Sun Sep 02, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Construction: Total World Stock + TIPS or Treasuries
Replies: 40
Views: 3364

Re: Portfolio Construction: Total World Stock + TIPS or Treasuries

I would choose a variation of option B. As you know, TIPs should be held only to protect against unexpected inflation. So, I would hold no more than the amount needed to fund residual expenses. Let's say you retire at 65 and wish to fund a 25 year retirement and need $10,000 a year to cover residual...
by Prudence
Thu Aug 23, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3375

Re: Composite Decking Material

OP here. To add, my contractor recommended that we use pressure treated lumber for the infill on the railings (these are the vertical pieces that support the hand rails). He said they would be yellowish when installed and then turn to gray over time as they weather. He said that they are never a pro...
by Prudence
Mon Aug 20, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3375

Re: Composite Decking Material

Was your IPE wood joined with nails or screws?
by Prudence
Mon Aug 20, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3375

Re: Composite Decking Material

Thank you for the tip, I will check it out. Meanwhile, I did a little research on reviews and evaluations of different composite brands and found mostly conflicting information which did not help in making a decision. If we go with the composite, we will probably opt for the better or best price poi...
by Prudence
Sun Aug 19, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3375

Composite Decking Material

We have a 30 year old deck constructed with pressure treated wood. We are thinking of replacing the deck floor, steps and railings with a composite (keeping the existing infrastructure and footings). The contractor gave me a quote using the Azek gray brand of composite. Has anyone had any experience...
by Prudence
Thu Aug 09, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: radon mitigation exposure concern, are we at risk?
Replies: 59
Views: 4223

Re: radon mitigation exposure concern, are we at risk?

There is no safe level of radon. The EPA came up with a number for when remediation is necessary at 4.0 pCi/L but it doesn't mean 3.9 is safe. I'm not an expert, just a homeowner that did a lot circumspect internet research. Take what I say with a grain of salt and do your own research. You already...
by Prudence
Sat Jul 28, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6832

Re: Retirees: how much cash?

I am 71, retired for two years, and my portfolio is in cash. I don't like the stock or bond market so I am comfortable with cash for now. I am open to investing in stocks and bonds at some point, but, not now.
by Prudence
Fri Jul 20, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Appears that Medicare Guaranteed Issue Plan F will be replaced with G
Replies: 40
Views: 3437

Re: Appears that Medicare Guaranteed Issue Plan F will be replaced with G

FYI, we had Plan F in 2016 and 2017 and were very happy with it. We switched to Plan G in January and have been very happy so far.
by Prudence
Sat Jul 14, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 44
Views: 7658

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

You are young and it appears that you don't have any big expenditures in your budget over the next several years. So, I would subtract any needed cash reserves and invest the rest in one, two or three index funds. I like ETFs but I think a mutual fund is fine (total world or total US). A 90 to 100% ...
by Prudence
Tue Jun 05, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Severance Package Question
Replies: 60
Views: 6344

Re: Severance Package Question

I think they are treating you fairly given number of years worked. Companies generally need to treat all employees the same to avoid discrimination claims. So, they would probably not negotiate a package that is better than the other directors at your level.
by Prudence
Tue Jun 05, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: New Medicare card
Replies: 28
Views: 2154

Re: New Medicare card

No, I would not block out any of the ID number. FYI, today I went to the doctor whom I have been seeing regularly for years. The receptionist asked me if I had a new Medicare card so I gave it to her and she keyed in my number.
by Prudence
Sun Jun 03, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: PenFed 3% 5 year certificates are back.
Replies: 19
Views: 2987

Re: PenFed 3% 5 year certificates are back.

I don't think this is very attractive, since the 10 year Treasury note rate is already around 3% and likely to go higher. Also, here is the early withdrawal penalty from the certificate application: 2) Certificates Having a Term Greater Than Six Months. a) If redeemed within the first year, all divi...
by Prudence
Fri Jun 01, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: Microsoft Edge versus Chrome
Replies: 27
Views: 1973

Re: Microsoft Edge versus Chrome

Why do you like Chrome?
by Prudence
Fri Jun 01, 2018 8:49 pm
Forum: Personal Consumer Issues
Topic: Microsoft Edge versus Chrome
Replies: 27
Views: 1973

Microsoft Edge versus Chrome

I have Windows 10 on my Dell laptop and I have the Microsoft Edge browser. When I prepare to download Chrome, I get this message that says I should stay with Microsoft because it is superior (faster etc.) with Windows 10. Is this just marketing or should I replace Edge with Chrome? What is your expe...
by Prudence
Thu May 31, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8912

Re: Is inflation the greatest risk to retirement portfolios?

No it doesn't. I need $100k purchasing power pretax as retirement income. Average tax 20%, so I need $80k purchasing power for retirement. Rampant inflation, my $100k is only worth $50k in purchasing power (inflation reduced my purchasing power by half)...lucky me, I invested all that $100k on TIPS...
by Prudence
Thu May 31, 2018 6:32 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8912

Re: Is inflation the greatest risk to retirement portfolios?

No it doesn't. I need $100k purchasing power pretax as retirement income. Average tax 20%, so I need $80k purchasing power for retirement. Rampant inflation, my $100k is only worth $50k in purchasing power (inflation reduced my purchasing power by half)...lucky me, I invested all that $100k on TIPS...
by Prudence
Wed May 30, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8912

Re: Is inflation the greatest risk to retirement portfolios?

My simplified understanding (I have only a rudimentary understanding of bonds in general), from David Swensen’s teachings, is that TIPS are protection against inflation and treasuries serve as protection against deflation. He recommends 50/50 of these in your bond allocation. What if you just hold ...
by Prudence
Tue May 29, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Bernstein - CD + Treasuries + Munis VS Vanguard Total Bond ??
Replies: 14
Views: 2256

Re: Bernstein - CD + Treasuries + Munis VS Vanguard Total Bond ??

Yes I use CDs and a guaranteed rate fund and own no bonds or bond funds. So far I am doing fine with keeping up with inflation. I would prefer to take risk on equities rather than bonds. At some point, I may buy a ST TIPS fund but doubt I will ever hold a non-TIPS bond fund.
by Prudence
Tue May 29, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8912

Re: Is inflation the greatest risk to retirement portfolios?

What if we change the OP's question a bit and suppose he's willing to hold equities as well as TIPS? So suppose his original question had been: "Why should anyone hold nominal bonds? I want to have a 60/40 portfolio. Why should the 40% portion (that is allocated to bonds) be in anything but TIPS? A...
by Prudence
Sun May 27, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8912

Re: Is inflation the greatest risk to retirement portfolios?

In general, yes. I like Bernstein's work. Oversimplified, this means build a TIPs ladder to fully fund your residual expenses over your remaining years (LMP). Then feel free to invest the rest of your portfolio as you choose e.g. 100% equities or whatever. For many bogleheads, this strategy could en...
by Prudence
Sun May 27, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: Vacation Rental Question
Replies: 5
Views: 859

Vacation Rental Question

We live in Maryland and occasionally get a rental at an ocean destination in Delaware, NC, or SC etc. We usually rent from a realtor who is managing the rental for the owner but last September got a rental from an owner in Duck, NC via Homeaway. It was a really nice property that we rented at the la...
by Prudence
Mon May 21, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 53
Views: 5027

Re: Buying a Vacation Rental Property as an Investment

This is a very timely post. My daughter wants us to partner with her on buying a vacation house which she (and us) would use for occasional getaways and vacations and rent out for short term rentals. So, maybe she would rent it out for 60 or 70 days a year (probably in the summer) or whatever the ma...
by Prudence
Thu May 03, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: id.me
Replies: 5
Views: 951

id.me

Yesterday I made an online purchase and the company offers a 15% discount to military veterans. To get the discount I would have had to log in to id.me and enter my SSN and upload a copy of my DD214. I was nervous about sharing this info so I skipped the discount. Do any of you have any experience, ...
by Prudence
Mon Apr 30, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1958

Re: Gift Question [Gift Tax]

Interesting. Maybe they can qualify to buy this second home and make the down payment on their own and then after the sale is completed I could then give her the gift (so they can replenish their funds).
by Prudence
Sun Apr 29, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1958

Re: Gift Question

Thanks all!
J
by Prudence
Sun Apr 29, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1958

Re: Gift Question

So, we can give my daughter $70,000 plus and she can use the funds for whatever?
by Prudence
Sun Apr 29, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1958

Gift Question [Gift Tax]

I am retired. My daughter needs about $70,000 for the down payment to buy a second home in Virginia. We all live in Maryland. I can give her the money but would rather not have any legal ownership responsibility (i.e. our names not on the deed etc.). I don't want to pay any gift tax. Maryland and Vi...
by Prudence
Sat Apr 21, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 5109

Re: Why is the SEC yield the one that Vanguard displays?

I agree Kevin. (I was confused by your previous comments that institutional investors would have already anticipated and priced in the future increase in rates; I thought this meant that the bond fund price would not be negatively impacted when the rate increase actually occurred).
by Prudence
Sat Apr 21, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 4088

Re: Medicare Questions

To the OP, I would not do ANYTHING until you get the EOB from medicare and your supplement. Then make sure it is accurate. Word to the wise for ALL consumers never pay a medical bill unless your EOB confirms the same. Good luck. Good advice, that is what I plan to do. Since I wrote my post I have i...
by Prudence
Sat Apr 21, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 5109

Re: Why is the SEC yield the one that Vanguard displays?

Very clear as usual Kevin. If rates (say ten year Treasury) are expected to increase one percent in one year and they do, does this mean that the share price (return) of the fund should not be adversely impacted?